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Recent Commercial Real Estate Transactions

$8 million

48 West 55th Street (Fifth Avenue and Avenue of the Americas)

Manhattan

Built in 1920, this five-story, mixed-used building in Midtown Manhattan has 5,968 total square feet, with six vacant residential units and one retail space home to a French bistro, La Bonne Soupe. The price per square foot is $1,343.

Buyer: Hadidi Organization

Seller: Yves Picot

Brokers: Peter Von Der Ahe, Joe Koicim, Logan Markley and Danny Handweiler of Marcus & Millichap

$75/SQ. FT.

$197,775 approximate annual rent

110 West 40th Street (between Sixth and Seventh avenues)

Manhattan

Sharp Entertainment, a television production company, recently moved into its seven-month lease on a part of the 25th floor of this 26-story building in the garment district. The 2,637-square-foot space will house the company’s executive offices. Other tenants include the Movado Group and the New York Youth Symphony.

Tenant: Sharp Entertainment

Landlord: One Ten West Fortieth Associates

Brokers: David Levy and Brett Maslin of Adams & Company

$10.5 MILLION

16 St. Marks Place (between Second and Third Avenues)

Manhattan

This five-story, mixed-use building in the East Village has an estimated 11,908 square feet. The property has two retail spaces on the ground floor and 18 one-bedroom apartments, which are a mix of free-market and rent-regulated units.

Seller: 16 Saint Marks Place

Brokers: Michael A. Tortorici, Victor Sozio, August Friscia, Howard Raber and Matthew Gillis of Ariel Property Advisors


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